Details - Information last confirmed on November 5, 2020
Established for 35 years and with a highly trained team of 41 people, this environmental and engineering service provider has been serving developers, engineers, manufactures, and municipalities since 1985. With 35 full-time and 6 part-time personnel, there are 9 managers, in addition to the president, that run the company. Split into service groups, their qualified personnel are trained and certified as environmental professionals, mold inspectors, asbestos inspectors, asbestos management planners, professional geologists, brownfield redevelopment specialists, professional wetland scientists, underground storage tank professionals, remediation specialists, hazardous materials managers, and regulatory compliance managers. The owner/president would stay on for 1 year to aid in the transition, but for the right fit, would continue in sales/mediation for up to 10 years.
Completing aver 12,000 projects in 28 states, mostly east of the Mississippi, this company has also done work in Mexico, Canada and Eastern Europe. A continued area of growth is to expand the service concentration outside Michigan. Their current backlog is $2,729,859 with also $838,919 being a work in progress. There is a strong stream of work coming in.
This company’s corporate headquarters is located in Brighton, Michigan. But there are additional offices located in Grand Rapids, Detroit, and Trenton. They even currently have a missionary office in Lexington, Kentucky out of a staff person’s home.
At the purchase price of 2,180,000, a 12.5% down payment of $272,500 returns $285,106 in the first year after debt payments. That is a 105% return on investment.
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